The Coca-Cola Company (NYSE: KO) today reported fourth quarter and full-year 2014 results. Highlights include:

  • Gaining global value share and holding volume share in nonalcoholic ready-to-drink (NARTD) beverages during the fourth quarter.
  • Growing global sparkling beverage volume 1% in both the quarter and full year, driven by growth in brand Coca-Cola, Sprite and Fanta.
  • Growing brand Coca-Cola 1% in the quarter and slightly for the full year, rounding to even.
  • Growing global still beverage volume 2% in the quarter and 4% for the full year, driven by growth in ready-to-drink teas, sports drinks and packaged water.
  • Growing comparable currency neutral net revenues (structurally adjusted) 4% in the quarter, driven by positive price/mix and the impact of one additional selling day.
  • Growing comparable currency neutral operating income (structurally adjusted) 7% in the quarter.
"We are making solid progress on the implementation of the strategic initiatives we announced in October as evidenced by some early positive signs in the quarter,” said Chairman and CEO Muhtar Kent. “We remain resolutely focused on accelerating growth and taking advantage of opportunities to solidify our position in key markets and categories. However, we continue to see 2015 as a transition year as the benefits from the announced initiatives will take time to materialize amidst an uncertain and volatile macroeconomic environment. We remain confident that we have the right strategies in place, and our associates and bottling partners are embracing these initiatives and are enthusiastic about the opportunity ahead. We will continue to strengthen our brand portfolio and leverage our unparalleled global distribution system to create sustainable long-term shareowner value."

As previously announced, the company also added three brands to its growing roster of beverages that generate annual retail sales of more than $1 billion, bringing to 20 the number of billion-dollar brands in the company’s portfolio. Brands from the fast-growing ready-to-drink tea and water categories are the latest additions with Gold Peak tea, available in the United States, FUZE TEA, sold in nearly 40 countries, and I LOHAS mineral water, sold in Japan, joining the company’s billion-dollar brands club in 2014.

Read the full Q4 and full-year 2014 earnings press release.

Read a recap of Muhtar Kent's conference call with financial analysts.